Should college students consider personal loans?
If student loans don’t cover everything you need as a college student, a personal loan might be an option.
Katie Lowery is an editor on the Loans and Home Lending teams, where she shapes content to help people navigate borrowing money, personal finance and overall financial health. She’s passionate about financial literacy and strives to help consumers make informed decisions with their money.
Before joining Bankrate, Katie edited personal finance content at LendingTree and CNN Underscored Money. She has spent more than a decade editing financial and economic content and was the sole editor of several award-winning books. When she’s not exploring the latest lending trends, Katie enjoys knitting, tending to her growing plant collection and traveling with her family. She currently lives outside Austin, Texas.
Borrowing money and managing debt can feel overwhelming, but if you have an understanding of the process and a clear goal in mind, your money can work for you. A great first step is to check your credit score and reports, then focus on improving your credit profile so you’re well positioned to borrow at an affordable rate.
If student loans don’t cover everything you need as a college student, a personal loan might be an option.
Congratulations! Becoming debt-free is a game-changer. Making that last payment on credit cards, student loans or whatever debt burden you carried must have been a huge weight off your shoulders. After [...]
Even though I have enough saved for early retirement, I still worry. As someone with lifelong chronic conditions, I know all too well how healthcare costs can creep up, even when everything else seems [...]
Credit-building apps can help you improve your credits quickly and easily.
Some types of emergency loans come with sky-high fees and interest rates.
To get an emergency loan, you’ll need credit, income and debt information.
Employment isn’t the only income source considered by lenders.
Installment loans are a type of financing that has fixed interest rates and are paid back over a set number of months.
We appreciate your feedback
Thank you for taking the time to share your experience.